OLD National Bancorp IN Buys 2,553 Shares of Aon plc $AON

OLD National Bancorp IN grew its stake in shares of Aon plc (NYSE:AON) by 119.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,693 shares of the financial services provider’s stock after buying an additional 2,553 shares during the quarter. OLD National Bancorp IN’s holdings in AON were worth $1,674,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Portside Wealth Group LLC raised its position in AON by 530.6% in the first quarter. Portside Wealth Group LLC now owns 11,055 shares of the financial services provider’s stock valued at $4,412,000 after purchasing an additional 9,302 shares during the last quarter. WCM Investment Management LLC increased its stake in shares of AON by 0.3% in the first quarter. WCM Investment Management LLC now owns 2,051,816 shares of the financial services provider’s stock valued at $809,544,000 after buying an additional 6,038 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in AON by 5.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,022 shares of the financial services provider’s stock valued at $11,183,000 after buying an additional 1,489 shares during the last quarter. Catalyst Capital Advisors LLC grew its holdings in AON by 425.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,907 shares of the financial services provider’s stock worth $761,000 after acquiring an additional 1,544 shares during the last quarter. Finally, Ninety One North America Inc. raised its stake in shares of AON by 64.4% during the first quarter. Ninety One North America Inc. now owns 7,483 shares of the financial services provider’s stock valued at $2,986,000 after acquiring an additional 2,932 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

AON Price Performance

AON stock opened at $366.15 on Tuesday. The stock has a market cap of $78.95 billion, a P/E ratio of 30.67, a P/E/G ratio of 2.16 and a beta of 0.89. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The company’s 50 day moving average price is $363.72 and its two-hundred day moving average price is $363.44. Aon plc has a 52 week low of $323.73 and a 52 week high of $412.97.

AON (NYSE:AON) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.40 by $0.09. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.16 billion. AON had a return on equity of 50.91% and a net margin of 15.54%.AON’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $2.93 earnings per share. On average, equities analysts predict that Aon plc will post 17.21 earnings per share for the current year.

AON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a $0.745 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $2.98 annualized dividend and a yield of 0.8%. AON’s payout ratio is currently 24.96%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AON. Wells Fargo & Company restated an “overweight” rating and set a $438.00 price objective (up from $436.00) on shares of AON in a research report on Thursday, July 10th. TD Cowen cut their price target on AON from $427.00 to $419.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Cantor Fitzgerald raised shares of AON to a “strong-buy” rating in a research note on Wednesday, August 13th. Citigroup initiated coverage on shares of AON in a research report on Wednesday, August 13th. They set a “neutral” rating and a $402.00 price objective on the stock. Finally, Jefferies Financial Group raised shares of AON from a “hold” rating to a “buy” rating and raised their price target for the company from $400.00 to $426.00 in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $415.06.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.